Mineral Properties

9 Months Ended

Feb. 28, 2022

Mineral Properties, Net [Abstract]

Mineral Properties [Text Block]

4. Mineral Properties

(a) In November 2020 and April 2021, the Company staked mineral claims located in Labrador, Canada for $2,668 (Cdn$3,448). During the nine months ended February 28, 2022, the Company extended the mineral claim licenses for $7,334 (Cdn$9,400). During the nine months ended February 28, 2022, the Company wrote off the mineral property acquisition costs of $7,334 (2021 - $2,342) due to the uncertainty of establishing proven and probable reserves.

(b) On February 28, 2022, the Company entered into a Property Purchase Agreement with 86835 Newfoundland & Labrador Corp. ("86835"), a non-arm's length party, to acquire a 40% interest in the Frog Property located in Labrador, Canada. On February 28, 2022, the Company agreed to issue 570,000,000 shares of common stock at a fair value of $2,850,000 to complete the acquisition. During the nine months ended February 28, 2022, the Company wrote off the mineral property acquisition cost of $2,850,000 due to the uncertainty of establishing proven and probable reserves.